Dislikedhaha love it my humble friend! I dont have the kahunas nor capital to do 20k....... yet... so its all good dont you worry!
whats your take on Friday as we wrap things up? not much of fundamentals guy but there's alot to suggest dollar getting butt kicked!
http://www.fx360.com/commentary/kath...lp-dollar.aspxIgnored
hard to say, being the last friday of the month & all.
but I have little doubt cable will start it's retracement soon, just as the gbpjpy had already done so. Yesterday's cable D1 closed a doji. And we saw sellers at the secondary weekly resistance @5662. So if there's any profit taking later today don't be surprised to see 150-200 pips drop in a hurry. I mean we saw that 80 pips drop in less than half an hour before london closed yesterday.
As far as the dollar goes, I did mentioned a few days back that the DX is at the 50% fib level. This is a big level. (here is the chart) I honestly don't see it going that easily & with all the bullish divergence on the H1 and all. Also keep in mind that the DX had never gone past 8 weeks bearish. This is the 8th week. If players decide to make it interesting & turn the ship around today, you best not be shorting dollar.
so in a nutshell, I'll still keep my dragon & cable short trades for today
Thank You